† Cash reward offer begins on February 5, 2021, at 12:01 am ET. Offer available to Canadian residents who have reached the age of majority and who are not holders or joint holders of a CIBC chequing account. To qualify, open a CIBC Smart™ Account or CIBC Smart™ Plus Account and provide your email address. Within 2 months of opening the account, complete 2 of the following 3 activities: (i) at least 1 recurring direct deposit; (ii) at least 2 different recurring pre-authorized debits; (iii) at least 2 online bill payments of at least $50 each. The direct deposit and the pre-authorized debit must remain in effect for at least 2 consecutive months. Offer cannot be combined with any other offer, reward or rebate unless otherwise indicated. The cash reward will be deposited into your account seven (7) months after you have opened the account. Other conditions apply; review the terms and conditions (PDF, 135 KB) Opens in a new window..
‡ Fee rebate offer only open to Canadian residents who are not holders or joint holders of a CIBC chequing account.
To qualify, open a CIBC Smart Account and provide your email address. Within 3 months of opening the account, set up and complete on a recurring basis 1 eligible direct deposit OR 2 different eligible pre-authorized debits (each, a “Qualifying Action”). The monthly fee will be rebated for the month in which the account is opened and for the next 3 months.
If at least 1 Qualifying Action is completed each month for the subsequent 9 months following the first 3 months after the account was opened, the monthly account fee will be rebated for each month in which the Qualifying Action occurs. The monthly account fee will apply for each month where no Qualifying Action occurs and at the end of the offer period without further notice. Other service fees continue to apply as set out in the Personal Account Service Fees brochure (PDF, 210 KB) Opens in a new window..
For details, review the CIBC Smart Account Fee Rebate Terms and Conditions (PDF, 95 KB) Opens in a new window..
†† The bonus interest offer only applies to clients opening their first CIBC eAdvantage Savings Account (“eSA”). Eligible eSAs will earn bonus interest (“Bonus Interest”) for 120 days from the date the eSA is opened, in addition to regular (“Regular Interest”).
Bonus Interest is calculated daily at the current rate on each day’s full closing balance (up to a balance limit of $1,000,000) and paid monthly. Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly. Regular and Bonus Interest rates quoted are annual. Regular Interest rates may change at any time without prior notice. For current Regular Interest rates, ask at any CIBC Banking Centre or go to www.cibc.com.
Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 105 KB) Opens in a new window. or visit a CIBC Banking Centre.
◊ Value of over $700 is based on the following as of July 1, 2021 and assumes the following services are used:
- $203.40 ($16.95 per month for unlimited transactions) for using a CIBC Smart™ Account
- $289 in annual fees for the CIBC Aventura® Visa Infinite* Card, which includes a $139 annual fee rebate for the primary cardholder and annual fee rebates for 3 additional authorized users ($50 for each authorized user)
- $60 in value based on the inclusion of CIBC Overdraft Protection Service monthly fees ($5 per month); note that interest charges for overdraft amounts and overdraft overlimit fees apply
- $20 in value based on non-CIBC bank machine fees assuming 6 domestic, 1 U.S. and 1 international bank machine withdrawals in one year
- $77.79 for an order of 100 duplicate cheques in Ontario per year
- $9.95 for 1 bank draft per year
- $9.95 for 1 money order per year
- $25 for 2 stop payments per year
- $12 for CIBC Mutual Funds RRSP annual administration fee
1 The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Each Interac e-Transfer transaction you send counts as a transaction for calculating your monthly fee. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 300 KB) Opens in a new window..
2 CIBC will rebate one non-CIBC ATM withdrawal fee charge; charges from the other financial institution may apply.
3 Entire monthly fee is rebated if you maintain a minimum end of day balance of $4,000 each day. For details, review the CIBC Smart Account fee rebate terms and conditions, part of the Personal account service fees (PDF, 210 KB) Opens in a new window..
4 A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. For CIBC eAdvantage Savings Accounts, a transaction does not include transfers to your other CIBC bank account(s) using the transfer function on CIBC Online Banking, CIBC Mobile Banking, CIBC Telephone Banking and at CIBC ATMs. For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. "CIBC-branded” means any brand that has CIBC in its name and is offered by CIBC or its Canadian affiliates (and does not include CIBC Bank USA). Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (rebated for CIBC Smart Plus Accounts except the 2.5% administration fee on the converted amount of foreign currency ATM withdrawals), wire payments, Interac e-Transfer transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Advantage for Youth, CIBC Smart for Students, CIBC Smart for Seniors (on the CIBC Smart Account) and CIBC Advantage for Students (on the CIBC Everyday Chequing Account)) and transactions in foreign currency (including cheques written in currencies other than the account currency).
5 Any free or unused transactions cannot be carried forward for use in subsequent months.
6 Regular interest (“Regular Interest”) is calculated daily at the current rate on each day’s full closing balance and paid monthly. The regular interest rate is paid on the full daily closing balance.
Interest is credited to your account as of the last business day in the interest period. However, the interest cannot be withdrawn, and will not be printed at branch terminals or at CIBC's Bank Machines or made available through CIBC Telephone or Online Banking, until two business days after the end of the interest period.
Interest rates quoted are annual. Interest rates and balance tiers are subject to change without prior notice.
If you have any questions about our interest rates, call 1-800-465-2422, or come into your local CIBC branch today to open an account.
7 Subject to credit approval.
8 The rebate is also available for cardholders with the following CIBC cards no longer available for new clients: CIBC Aventura World Mastercard®, CIBC Aventura World Elite® Mastercard, CIBC Aerogold Visa and CIBC Gold Visa. The rebate is up to $139 on the annual fee for primary cardholder and up to $50 on the annual fee for up to 3 additional cards.
Terms and conditions apply. For details, review the CIBC Smart Plus Credit Card Annual Fee Rebate Terms and Conditions (PDF, 75 KB) Opens in a new window..
9 The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 300 KB) Opens in a new window..
10 Fees charged by other financial institutions or third parties for using their ATMs, and the 2.5% administration fee on the converted amount for foreign currency ATM withdrawals are not included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
11 Flat monthly fee for unlimited everyday banking transactions, unlimited Interac e-Transfer transactions and ATM withdrawals. Entire monthly fee is rebated if you maintain a minimum balance at the end of each day of the month of $6,000 in your account or at least $100,000 in eligible Savings and Investments. Terms and conditions apply. For details, review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 90 KB) Opens in a new window..